Publications

This issue of the Financial Crimes Watch series addresses the operation of large scale crypto asset laundering networks through the AudiA6 case, the role of digital evidence and KYC data in investigations, asset securing measures, and the importance of cross border cooperation.

The Law Amending Certain Laws to Ensure the Effective and Efficient Functioning of the Judiciary, commonly known as the “12th Judicial Reform Package” (the “Law”), was published in the Official Gazette dated July 31, 2026.

This issue of the Inside Arbitration addresses the key changes introduced by the 2026 ICC Arbitration Rules and their impact on the efficiency, speed and flexibility of ICC arbitration proceedings.

The Amending Communiqué (Communiqué No. 2026/1) to the Communiqué on Precious Metal Standards and Refineries (Communiqué No. 2023/1) (the “Amendment Communiqué”), which was published in the Official Gazette dated July 29, 2026 and numbered 33324 and entered into force on the same date, introduced significant regulations directly...

This issue of the M&A Playbook: Where the M&A Terms Come From series addresses the linguistic origins of selected M&A terms and their functions in modern transaction practice.

This issue of the Financial Crimes Watch series addresses the operation of blockchain bridges, their use in cross chain fund transfers, and the financial crime risks arising in connection with fraud, cyberattacks, and money laundering.

Significant amendments have been introduced to the Regulation on Commercial Advertising and Unfair Commercial Practices (the “Regulation”) through the Regulation Amending the Regulation on Commercial Advertising and Unfair Commercial Practices, published in the Official Gazette.

The Financial Crimes Investigation Board General Communiqué (Serial No. 19) (the “Communiqué”), published in the Official Gazette dated April 30, 2021 and numbered 31470, regulated the procedures and principles for remote identification of Turkish natural persons and legal entities registered with the trade registry. Since the Communiqué did not include any provision regarding non-Turkish natural persons, identification of such persons could only be carried out through face-to-face methods....

This issue of Inside Arbitration addresses the validity of asymmetric arbitration clauses, the Turkish Court of Cassation’s approach, and the legal risks arising from unilateral choice provisions.

This issue of the Financial Crimes Watch series addresses the fraud scheme known as “pig butchering,” in which victims are manipulated through trust and personal relationships and directed to fraudulent investment platforms involving crypto assets.

This issue of the M&A Playbook: Deal Mechanics series addresses the legal nature and formal requirements of share purchase commitment agreements, their effects on the parties and the company, and the remedies available in the event of breach.

This issue of the Financial Crimes Watch series, prepared in collaboration with Peters & Peters Solicitors LLP, addresses the importance of cross border coordination in challenging INTERPOL Red Notices, the available legal remedies, and the strategic and practical challenges arising across multiple jurisdictions.

This issue of the Financial Crimes Watch series addresses the key principles of identifying, securing, confiscating, managing and returning criminal assets under FATF’s 2025 Asset Recovery Guidance.

This issue of the M&A Playbook: Common Law vs. Civil Law series provides a comparative overview of the legal nature and consequences of representations and warranties under Common Law and Civil Law systems.

This issue of Inside Arbitration addresses the key differences between institutional and ad hoc arbitration and the principal considerations involved in selecting the appropriate arbitration structure.

urkish Competition Authority implemented comprehensive updates to the principal guidelines shaping merger control practice in Türkiye.

This issue of Inside Arbitration addresses the legal and strategic importance of the seat of arbitration and the key considerations involved in selecting an appropriate seat.

This issue of the M&A Playbook: Guess the Term series presents a selected concept from M&A terminology through an interactive guessing format.

This issue of the Financial Crimes Watch series addresses the operation of quishing attacks conducted through QR codes, key detection indicators, and the related financial crime risks.

This issue addresses the Court of Cassation’s revised approach to mediation before arbitration and its implications for the validity of multi-tier dispute resolution clauses.

This issue of the M&A Playbook: Where the M&A Words Come From series addresses the origins of the terms escrow mechanism, lock-up and Chinese wall, as well as their functions in modern M&A transactions.

The Constitutional Court, in its decision numbered 2025/273 published in the Official Gazette dated March 17, 2026, examined the provisions of the TCC that classify the filing of a court action for the expulsion of a shareholder as a non delegable authority of the general assembly in the context of two shareholder limited liability companies...

This issue of the Financial Crimes Watch series addresses the role of blockchain forensics in detecting financial crime involving crypto assets, on chain and off chain tracing methods, asset freezing and recovery mechanisms, and the key challenges arising in practice.

This issue of Inside Arbitration addresses the strategic importance of arbitration clauses and the key considerations involved in structuring an effective dispute resolution framework.

This issue of the M&A Playbook: Deal Mechanics series addresses the structure and key legal and commercial aspects of share option agreements, as well as their role in employee incentives and the protection of corporate value.

The Communiqué on the Keeping of Commercial Books not related to the Accounting of the Business in Electronic Format (the “Communiqué”), prepared by the Ministry of Trade (the “Ministry”) and the Ministry of Treasury and Finance, was published in the Official Gazette dated February 14, 2025 and numbered 32813. Pursuant to the Communiqué; the share ledger, the resolution book of the Board of Directors and the general assembly resolution book which are classified as “commercial books not related

Amending Communiqué was published in the Official Gazette dated February 11, 2026 and numbered 33165, and entered into force as of its date of publication. Through the Amending Communiqué, the turnover thresholds applicable to mergers and acquisitions subject to the approval of the Competition Board have been revised. In addition, further clarity has been provided on various conceptual and procedural matters of practical significance.

This issue of the Financial Crimes Watch series addresses the traceability of crypto assets following mixer use, technical tracing methods, risk assessment of suspicious addresses, and forensic and criminal enforcement against mixers.

In this series, we examine when arbitration may be the most appropriate dispute resolution mechanism and highlight the key considerations parties should take into account when determining the most suitable forum for resolving their disputes.

Certain provisions of the Financial Crimes Investigation Board General Communiqué (Serial No. 5), published in the Official Gazette dated April 9, 2008 and numbered 26842 , have been amended by the Communiqué on the Amendment of the Financial Crimes Investigation Board General Communiqué (Serial No. 5) (Serial No. 31), published in the Official Gazette dated January 7, 2026 and numbered 33130.

This issue of the Financial Crimes Watch series addresses the operation of crypto mixers, their use in fraud, money laundering and cybercrime, and the related legal risks under FATF guidance, FCIB regulations, the Turkish Criminal Code and international sanctions frameworks.

The Law No. 7571 on the Amendment of the Turkish Criminal Code, Certain Laws, and Decree Law No. 631, publicly referred to as the 11th Judicial Package, was adopted by the Grand National Assembly of Türkiye on December 24, 2025 and published in the Official Gazette dated December 25, 2025 and numbered 3318.

The uncertainties regarding the fulfillment of public disclosure obligations by CASPs” have been clarified. With General Letter No. 1055 published by the Central Registry Agency, specific provisions concerning the Puplic Disclosure Platform membership of CASPs were incorporated into the Directive on the Procedures and Principles Regarding PDP Membership and the Submission of Disclosures to the PDP.

This issue of the Financial Crimes Watch series addresses the scope of application of Article 128/A proposed under the 11th Judicial Reform Package, the mechanisms for account suspension and seizure, and the legal implications of the regulation.

This issue of the Financial Crimes Watch series addresses common misconceptions and emerging risks relating to financial crime and fraud through an interactive myth or fact test.

This issue of the Financial Crimes Watch series addresses Draft Article 128/A of the Criminal Procedure Code under the 11th Judicial Package, concerning the suspension and seizure of accounts containing proceeds derived from cybercrime.

The Guideline on Enhanced Measures, published by the Financial Crimes Investigation Board, has been reviewed in line with technological developments, changes in the structure of financial markets, and the requirements of compliance with international standards, and was updated on September 30, 2025.

This issue of the Financial Crimes Watch series addresses trade based money laundering schemes involving fictitious trade, false invoices and inconsistent shipments, together with the related legal obligations and preventive measures for companies.

The Republic of Türkiye’s Ministry of Energy and Natural Resources announced the Tender Notice Regarding the Allocation of Renewable Energy Resource Areas and Connection Capacities Based on Solar Energy on September 9, 2025.

This issue of the Financial Crimes Watch series addresses the ICC’s guidance on indicators of corruption in international arbitration, their impact on arbitral proceedings and the enforcement of awards, and the measures companies should implement.

This issue of the Financial Crimes Watch series evaluates corporate awareness and appropriate response mechanisms through an interactive test based on various financial crime and fraud scenarios.

This issue of the Financial Crimes Watch series addresses cyber fraud involving API abuse, the related legal and criminal risks, and the security measures that should be implemented.

This issue of the Financial Crimes Watch series addresses the obligations imposed on stablecoin issuers under the U.S. GENIUS Act, the related anti money laundering measures, and the international implications of the regulatory framework.

This issue of the Financial Crimes Watch series addresses hidden fund diversion arising from undisclosed deviations from investment strategies, together with the related legal and criminal risks and the preventive measures to be implemented.

This issue of the Financial Crimes Watch series addresses schemes involving the fragmented transfer of criminal proceeds through multiple crypto asset wallets and individuals, together with the potential legal and criminal risks for those involved.

This issue of the Financial Crimes Watch series addresses corporate fraud involving e-mail spoofing, the potential legal and criminal liabilities, and the preventive measures companies should implement.

This issue of the Financial Crimes Watch series addresses corporate fraud involving deepfake technology, the potential legal and criminal liabilities, and the preventive measures companies should implement.

The Regulation Amending the Regulation on Distance Contracts (“Amendment Regulation”), prepared by the Ministry of Trade of the Republic of Türkiye, was published in the Official Gazette dated May 24, 2025 and numbered 32909 and will enter into force on 1 January 2026. The key amendments introduced by the Regulation are summarized below: 1) Withdrawal Right – Plan to Impose Return Costs on Consumers Abandoned Under certain provisions of the Regulation on Distance Contracts that were scheduled...

Significant amendments have been introduced to the Regulation on the Acceptance of Electricity Generation and Electricity Storage Facilities (the “Regulation”) through the Regulation Amending the Regulation on the Acceptance of Electricity Generation and Electricity Storage Facilities published in the Official Gazette dated May 13, 2025 and numbered 32899. With these amendments, electricity storage units have been incorporated into the acceptance procedures for electricity generation and...

The Draft Criteria on Information Systems and Technological Infrastructure for Crypto Asset Service Providers (the “TÜBİTAK Criteria”), prepared by the Informatics and Information Security Research Center of the Scientific and Technological Research Council of Turkey (the “TÜBİTAK”), was published on TÜBİTAK’s official website on April 14, 2025. Within the scope of the TÜBİTAK Criteria, the focus is primarily placed on the security standards for crypto asset wallets, as well as on regulations...

The Communiqué on Operating Procedures and Principles and Capital Adequacy of Crypto Asset Service Providers (the “Communiqué”), published in the Official Gazette dated March 13, 2025, and numbered 32840, regulates the services and activities that may be offered by crypto asset service providers (the “CASPs”), the applicable regulatory principles, and the capital adequacy requirements. Below, you may find a summary outlining the key obligations that CASPs must comply with under the...

The Communiqué on the Procedures and Principles Regarding the Management of Information Systems (the “Communiqué”), published in the Official Gazette dated March 13, 2025 and numbered 32840, sets forth the procedures and principles governing the management of information systems by certain institutions, organizations, andnpartnerships operating in the capital markets and financial sector. Entities subject to the Communiqué include Borsa Istanbul, the Central Securities Depository (Merkezi...

The Communiqué on the Establishment and Operating Principles of Crypto Asset Service Providers (the “Communiqué”) published in the Official Gazette dated March 13, 2025 and numbered 32840, regulates the principles and rules regarding the establishment of crypto asset service providers (the “CASPs”), as well as their founders, executives, shareholders, and personnel, operations, organization, and obligations. You will find below a summary outlining the key rules that CASPs must comply with...

Under the Communiqué on Decree No. 32 on the Protection of the Value of the Turkish Currency (Communiqué No: 2008-32/34) published in the Official Gazette dated August 28, 2008 and numbered 26801, a regulation that entered into force on April 19, 2022, prohibited payment obligations in foreign currency for sales of goods agreements concluded between Turkish residents, except for vehicle sales agreements. Pursuant to the amendment introduced on February 28, 2024, certain provisions governing...

I. Introductıon Law No. 7538 on Amendments to the Social Security and General Health Insurance Law and Certain Other Laws was published in the Official Gazette dated January 15, 2025, and numbered 32783. With the amendments made to the Occupational Health and Safety Law No. 6331 (the "Law No. 6331"), the occupational health and safety (“OHS") obligations of workplaces with fewer than 50 employees and classified as low hazard have been expanded. II. Existing OHS Obligations Prior to the...

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